Suspended UEFA president, Michel Platini, has confirmed he would be stepping down as the head of the European football governing body, since his six-year ban was only reduced to four years, against his will.
The 60-year old football administrator wanted FIFA to scrap the punishment so he could return to his office, but the Court of Arbitration for Sport panel reduced the ban to four years on Monday.
Platini and former Fifa president, Sepp Blatter, were last year found guilty of ethics breaches over a 2m Swiss Franc (£1.3m) "disloyal payment".
The pair, who deny wrongdoing, had their original bans reduced from eight to six years by the Fifa appeals committee.
Platini had taken his case to Cas seeking to get the ban overturned, but a three-man panel said it "was not convinced by the legitimacy of the payment, which exchanged hands in 2011 for consultancy work Platini had carried out for Blatter between 1998 and 2002.
After Cas returned its judgement, a statement from Platini's lawyers said: "Michel Platini announces that he will resign as president of Uefa at the organisation's next congress."
It added the Frenchman was "deeply disappointed" by the decision, which he considered "an injustice".
Cas also said an 80,000 Swiss Franc (£57,200) fine should be lowered to 60,000 (£42,900).
However, the panel was damning of Platini, saying his "behaviour was not ethical or loyal".
It found his dealings with Blatter had breached the ethics code of world governing body Fifa, and while his six-year ban was "too severe", it decided a four-year punishment should be handed down - the equivalent to a presidential term in office.
"The CAS panel was of the opinion that a severe sanction could be justified in view of the superior functions carried out by Mr Platini (Fifa vice-president and Uefa president), the absence of any repentance and the impact that this matter has had on Fifa's reputation," it said. BBC
The 60-year old football administrator wanted FIFA to scrap the punishment so he could return to his office, but the Court of Arbitration for Sport panel reduced the ban to four years on Monday.
Platini and former Fifa president, Sepp Blatter, were last year found guilty of ethics breaches over a 2m Swiss Franc (£1.3m) "disloyal payment".The pair, who deny wrongdoing, had their original bans reduced from eight to six years by the Fifa appeals committee.
Platini had taken his case to Cas seeking to get the ban overturned, but a three-man panel said it "was not convinced by the legitimacy of the payment, which exchanged hands in 2011 for consultancy work Platini had carried out for Blatter between 1998 and 2002.
After Cas returned its judgement, a statement from Platini's lawyers said: "Michel Platini announces that he will resign as president of Uefa at the organisation's next congress."
It added the Frenchman was "deeply disappointed" by the decision, which he considered "an injustice".
Cas also said an 80,000 Swiss Franc (£57,200) fine should be lowered to 60,000 (£42,900).
However, the panel was damning of Platini, saying his "behaviour was not ethical or loyal".
It found his dealings with Blatter had breached the ethics code of world governing body Fifa, and while his six-year ban was "too severe", it decided a four-year punishment should be handed down - the equivalent to a presidential term in office.
"The CAS panel was of the opinion that a severe sanction could be justified in view of the superior functions carried out by Mr Platini (Fifa vice-president and Uefa president), the absence of any repentance and the impact that this matter has had on Fifa's reputation," it said. BBC
Platini Steps Quits UEFA Presidency
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